REYCA
ActiveSummary
REYCA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €469k and a net result of €22k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-24
Solvency36▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.1 in 2024; short-term debt: 68.6% and cash: 0.8% of total assets), and 89% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11%
Return on assets
0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 4556 sector peers (2025).
NBB · sector comparisonPosition among 4556 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
28 d late
2023
13 d early
2022
18 d early
2021
31 d early
2020
23 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22k▼ 77.1%
2024 · €96k
2018: €23k
2019: €19k▼ -17.6% vs 2018
2020: €23k▲ +19.8% vs 2019
2021: €34k▲ +50.0% vs 2020
2022: €43k▲ +26.4% vs 2021
2023: €-73k▼ -270% vs 2022lowest in 8 years
2024: €96k▲ +232% vs 2023highest in 8 years
2025: €22k▼ -77.1% vs 2024
2018 → 2025
Working capital
€-2.89M▼ 3.5%
2024 · €-2.79M
2018: €-267khighest in 8 years
2019: €-292k▼ -9.4% vs 2018
2020: €-326k▼ -11.8% vs 2019
2021: €-345k▼ -5.7% vs 2020
2022: €-406k▼ -17.7% vs 2021
2023: €-2.77M▼ -582% vs 2022
2024: €-2.79M▼ -0.7% vs 2023
2025: €-2.89M▼ -3.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€381k-€424k▲ 11.3%€351k▼ 17.3%€447k▲ 27.5%€469k▲ 4.9%
2021: €381k
2022: €424k▲ +11.3% vs 2021
2023: €351k▼ -17.3% vs 2022lowest in 5 years
2024: €447k▲ +27.5% vs 2023
2025: €469k▲ +4.9% vs 2024highest in 5 years
Operating result€64k-€74k▲ 15.0%€-69k€161k€147k▼ 8.4%
2021: €64k
2022: €74k▲ +15.0% vs 2021
2023: €-69k▼ -194% vs 2022lowest in 5 years
2024: €161k▲ +332% vs 2023highest in 5 years
2025: €147k▼ -8.4% vs 2024
Net result€34k-€43k▲ 26.4%€-73k€96k€22k▼ 77.1%
2021: €34k
2022: €43k▲ +26.4% vs 2021
2023: €-73k▼ -270% vs 2022lowest in 5 years
2024: €96k▲ +232% vs 2023highest in 5 years
2025: €22k▼ -77.1% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.27M
Fixed assets
€4.23M ▼ 0.9%
Current assets
€44k ▼ 86.5%
Equity and liabilities €4.27M
Equity
€469k ▲ 4.9%
Provisions
€50k ▼ 5.3%
Debt
€3.75M ▼ 8.3%
Debt's share of the balance-sheet total falls from 89.1% to 87.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€184k▼
2024 · €198k
Cash flow
€59k▼
2024 · €134k
Current ratio
0.02▼
2024 · 0.10
Debt to equity
8.00▼
2024 · 9.15
ROE
4.7%▼
2024 · 21.6%
ROA
0.5%▼
2024 · 2.1%
Interest coverage
1.63▼
2024 · 4.31
Debt ≤ 1 year
€2.93M▼
2024 · €3.11M
Debt > 1 year
€821k▼
2024 · €975k
Income taxes
€15k▼
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.59M€4.27M▼
Fixed assets21/28€4.26M€4.23M▼
Tangible fixed assets22/27€2.46M€2.42M▼
Land and buildings22€2.46M€2.42M▼
Plant, machinery and equipment23€44-
Financial fixed assets28€1.80M€1.80M=
Current assets29/58€325k€44k▼
Amounts receivable within one year40/41€27k€11k▼
Trade receivables40€4k€11k▲
Other amounts receivable41€24k-
Cash at bank and in hand54/58€289k€33k▼
Deferred charges and accrued income490/1€9k-
Equity and liabilities
Total equity and liabilities10/49€4.59M€4.27M▼
Equity10/15€447k€469k▲
Contributions10/11€130k€130k=
Capital10€130k€130k=
Issued capital100€130k€130k=
Reserves13€317k€339k▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Tax-exempt reserves132€103k€97k▼
Distributable reserves133€201k€229k▲
Provisions and deferred taxes16€53k€50k▼
Deferred taxes168€53k€50k▼
Amounts payable17/49€4.09M€3.75M▼
Amounts payable after more than one year17€975k€821k▼
Financial debts170/4€975k€821k▼
Amounts payable within one year42/48€3.11M€2.93M▼
Current portion of amounts payable after more than one year42€185k€165k▼
Financial debts43€1.01M€1.00M▼
Credit institutions430/8€1.01M€1.00M▼
Trade debts44€2k€35k▲
Suppliers440/4€2k€35k▲
Advances received on contracts in progress46-€43k
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€8k€15k▲
Other amounts payable47/48€1.91M€1.67M▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€37k▼
Other operating charges640/8€13k€18k▲
Gross operating margin9900€211k€203k▼
Operating profit (loss)9901€161k€147k▼
Financial income75/76B€17€48▲
Recurring financial income75€17€48▲
Financial charges65/66B€46k€113k▲
Recurring financial charges65€46k€113k▲
Profit (loss) for the period before taxes9903€115k€34k▼
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€21k€15k▼
Profit (loss) for the period9904€96k€22k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€102k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€27k▼
Profit (loss) brought forward from the previous period14P€-45k-
Transfer to equity691/2€57k€27k▼
To other reserves6921€57k€27k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €15k | €223k | €38k | €37k | ▼ 1.2% |
| Other operating charges640/8 | €5k | €4k | €9k | €13k | €18k | ▲ 41.9% |
| Gross operating margin9900 | €87k | €93k | €162k | €211k | €203k | ▼ 4.1% |
| Operating profit (loss)9901 | €64k | €74k | €-69k | €161k | €147k | ▼ 8.4% |
| Financial income75/76B | - | €0 | €0 | €17 | €48 | ▲ 187% |
| Recurring financial income75 | - | €0 | €0 | €17 | €48 | ▲ 187% |
| Financial charges65/66B | €8k | €8k | €7k | €46k | €113k | ▲ 146% |
| Recurring financial charges65 | €8k | €8k | €7k | €46k | €113k | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €56k | €66k | €-76k | €115k | €34k | ▼ 70.5% |
| Transfer from deferred taxes780 | €3k | €3k | €3k | €3k | €3k | = |
| Income taxes67/77 | €24k | €25k | €0 | €21k | €15k | ▼ 30.7% |
| Profit (loss) for the period9904 | €34k | €43k | €-73k | €96k | €22k | ▼ 77.1% |
| Transfer from tax-exempt reserves789 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) for the period to be appropriated9905 | €40k | €49k | €-68k | €102k | €27k | ▼ 73.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.13M | €1.20M | €4.40M | €4.59M | €4.27M | ▼ 6.9% |
| Fixed assets21/28 | €1.09M | €1.16M | €4.32M | €4.26M | €4.23M | ▼ 0.9% |
| Tangible fixed assets22/27 | €792k | €777k | €2.49M | €2.46M | €2.42M | ▼ 1.5% |
| Land and buildings22 | €792k | €777k | €2.49M | €2.46M | €2.42M | ▼ 1.5% |
| Plant, machinery and equipment23 | €176 | €132 | €88 | €44 | - | - |
| Financial fixed assets28 | €297k | €379k | €1.83M | €1.80M | €1.80M | = |
| Current assets29/58 | €40k | €42k | €76k | €325k | €44k | ▼ 86.5% |
| Amounts receivable within one year40/41 | €23k | €23k | €28k | €27k | €11k | ▼ 60.5% |
| Trade receivables40 | - | - | €5k | €4k | €11k | ▲ 197% |
| Other amounts receivable41 | €23k | €23k | €23k | €24k | - | - |
| Cash at bank and in hand54/58 | €6k | €9k | €39k | €289k | €33k | ▼ 88.5% |
| Deferred charges and accrued income490/1 | €11k | €10k | €9k | €9k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.13M | €1.20M | €4.40M | €4.59M | €4.27M | ▼ 6.9% |
| Equity10/15 | €381k | €424k | €351k | €447k | €469k | ▲ 4.9% |
| Contributions10/11 | €130k | €130k | €130k | €130k | €130k | = |
| Capital10 | €130k | €130k | €130k | €130k | €130k | = |
| Issued capital100 | €130k | €130k | €130k | €130k | €130k | = |
| Reserves13 | €251k | €294k | €266k | €317k | €339k | ▲ 7.0% |
| Non-distributable reserves130/1 | €13k | €13k | €13k | €13k | €13k | = |
| Legal reserve130 | €13k | €13k | €13k | €13k | €13k | = |
| Tax-exempt reserves132 | €119k | €114k | €108k | €103k | €97k | ▼ 5.3% |
| Distributable reserves133 | €119k | €167k | €145k | €201k | €229k | ▲ 13.6% |
| Profit (loss) carried forward14 | - | - | €-45k | - | - | - |
| Provisions and deferred taxes16 | €61k | €58k | €56k | €53k | €50k | ▼ 5.3% |
| Deferred taxes168 | €61k | €58k | €56k | €53k | €50k | ▼ 5.3% |
| Amounts payable17/49 | €687k | €717k | €3.99M | €4.09M | €3.75M | ▼ 8.3% |
| Amounts payable after more than one year17 | €302k | €268k | €1.15M | €975k | €821k | ▼ 15.8% |
| Financial debts170/4 | €302k | €268k | €1.15M | €975k | €821k | ▼ 15.8% |
| Amounts payable within one year42/48 | €385k | €448k | €2.84M | €3.11M | €2.93M | ▼ 5.9% |
| Current portion of amounts payable after more than one year42 | €63k | €34k | €167k | €185k | €165k | ▼ 10.3% |
| Financial debts43 | - | - | - | €1.01M | €1.00M | ▼ 1.2% |
| Credit institutions430/8 | - | - | - | €1.01M | €1.00M | ▼ 1.2% |
| Trade debts44 | €22k | €3k | €3k | €2k | €35k | ▲ 1,716% |
| Suppliers440/4 | €22k | €3k | €3k | €2k | €35k | ▲ 1,716% |
| Advances received on contracts in progress46 | - | - | - | - | €43k | - |
| Taxes, remuneration and social security45 | €24k | €50k | €25k | €8k | €15k | ▲ 77.1% |
| Taxes450/3 | €24k | €50k | €25k | €8k | €15k | ▲ 77.1% |
| Other amounts payable47/48 | €275k | €362k | €2.65M | €1.91M | €1.67M | ▼ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €43k | €-73k | €96k | €22k | ▼ 77.1% |
| + Depreciation and write-downs630 | €18k | €15k | €223k | €38k | €37k | ▼ 1.2% |
| Operating cash flow (approximation) | €52k | €58k | €150k | €134k | €59k | ▼ 55.7% |
| Investment in fixed assets (approximation) | - | €-82k | €-3.39M | €22k | €0 | ▼ 100% |
| Change in cash | - | €3k | €30k | €249k | €-256k | ▼ 202% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Back to profitnet €96k
Net result €96k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-73k
Net result drops to €-73k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 1999
Ground area
905 m²
Building footprint
110 m²
Parcel 44048H0681/00Y000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Steenweg Deinze 106, 9810 Nazareth-De Pinte
since 19992.066.856.796
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048H0681/00Y000 | Flanders | 905 m² | 1 · 110 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ILGAT BUSINESS PARK
BE 0444.611.475
Hasselt · Eq €468,215
Macours-Noels
BE 0401.328.590
Tessenderlo-Ham · Eq €470,339
IMMO GILLIS
BE 0446.503.074
Schilde · Eq €470,367
HAUSINVEST
BE 0659.976.914
Sint-Lambrechts-Woluwe · Eq €470,894
Sanapolis
BE 0658.901.006
Damme · Eq €471,002
Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,699 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.